The Big Data Newsvendor: Practical Insights from Machine Learning

We investigate the data-driven newsvendor problem when one has n observations of p features related to the demand as well as historical demand data. Rather than a two-step process of first estimating a demand distribution then optimizing for the optimal order quantity, we propose solving the “Big Data” newsvendor problem via single step machine learning algorithms. Specifically, we propose algorithms based on the Empirical Risk Minimization (ERM) principle, with and without regularization, and an algorithm based on Kernel-weights Optimization (KO). The ERM approaches, equivalent to high-dimensional quantile regression, can be solved by convex optimization problems and the KO approach by a sorting algorithm. We analytically justify the use of features by showing that their omission yields inconsistent decisions. We then derive finite-sample performance bounds on the out-of-sample costs of the feature-based algorithms, which quantify the effects of dimensionality and cost parameters. Our bounds, based on algorithmic stability theory, generalize known analyses for the newsvendor problem without feature information. Finally, we apply the feature-based algorithms for nurse staffing in a hospital emergency room using a data set from a large UK teaching hospital and find that (i) the best ERM and KO algorithms beat the best practice benchmark by 23% and 24% respectively in the out-of-sample cost, and (ii) the best KO algorithm is faster than the best ERM algorithm by three orders of magnitude and the best practice benchmark by two orders of magnitude

Continuous slice functional calculus in quaternionic Hilbert spaces

The aim of this work is to define a continuous functional calculus in quaternionic Hilbert spaces, starting from basic issues regarding the notion of spherical spectrum of a normal operator. As properties of the spherical spectrum suggest, the class of continuous functions to consider in this setting is the one of slice quaternionic functions. Slice functions generalize the concept of slice regular function, which comprises power series with quaternionic coefficients on one side and that can be seen as an effective generalization to quaternions of holomorphic functions of one complex variable. The notion of slice function allows to introduce suitable classes of real, complex and quaternionic $C^*$--algebras and to define, on each of these $C^*$--algebras, a functional calculus for quaternionic normal operators. In particular, we establish several versions of the spectral map theorem. Some of the results are proved also for unbounded operators. However, the mentioned continuous functional calculi are defined only for bounded normal operators. Some comments on the physical significance of our work are included.Comment: 71 pages, some references added. Accepted for publication in Reviews in Mathematical Physic

Density of states of a two-dimensional electron gas in a non-quantizing magnetic field

We study local density of electron states of a two-dimentional conductor with a smooth disorder potential in a non-quantizing magnetic field, which does not cause the standart de Haas-van Alphen oscillations. It is found, that despite the influence of such ``classical'' magnetic field on the average electron density of states (DOS) is negligibly small, it does produce a significant effect on the DOS correlations. The corresponding correlation function exhibits oscillations with the characteristic period of cyclotron quantum $\hbar\omega_c$.Comment: 7 pages, including 3 figure

Intertwining Operators And Quantum Homogeneous Spaces

In the present paper the algebras of functions on quantum homogeneous spaces are studied. The author introduces the algebras of kernels of intertwining integral operators and constructs quantum analogues of the Poisson and Radon transforms for some quantum homogeneous spaces. Some applications and the relation to $q$-special functions are discussed.Comment: 20 pages. The general subject is quantum groups. The paper is written in LaTe

Microscopic expressions for the thermodynamic temperature

We show that arbitrary phase space vector fields can be used to generate phase functions whose ensemble averages give the thermodynamic temperature. We describe conditions for the validity of these functions in periodic boundary systems and the Molecular Dynamics (MD) ensemble, and test them with a short-ranged potential MD simulation.Comment: 21 pages, 2 figures, Revtex. Submitted to Phys. Rev.

Hidden Symmetry of the Differential Calculus on the Quantum Matrix Space

A standard bicovariant differential calculus on a quantum matrix space ${\tt Mat}(m,n)_q$ is considered. The principal result of this work is in observing that the $U_q\frak{s}(\frak{gl}_m\times \frak{gl}_n))_q$ is in fact a $U_q\frak{sl}(m+n)$-module differential algebra.Comment: 5 page

Algebras generated by two bounded holomorphic functions

We study the closure in the Hardy space or the disk algebra of algebras generated by two bounded functions, of which one is a finite Blaschke product. We give necessary and sufficient conditions for density or finite codimension of such algebras. The conditions are expressed in terms of the inner part of a function which is explicitly derived from each pair of generators. Our results are based on identifying z-invariant subspaces included in the closure of the algebra. Versions of these results for the case of the disk algebra are given.Comment: 22 pages ; a number of minor mistakes have been corrected, and some points clarified. Conditionally accepted by Journal d'Analyse Mathematiqu

Quasiballistic correction to the density of states in three-dimensional metal

We study the exchange correction to the density of states in the three-dimensional metal near the Fermi energy. In the ballistic limit, when the distance to the Fermi level exceeds the inverse transport relaxation time $1/\tau$, we find the correction linear in the distance from the Fermi level. By a large parameter $\epsilon_{\rm F} \tau$ this ballistic correction exceeds the diffusive correction obtained earlier.Comment: 2 pages, 1 figur